Buffet buys half a billion in oilsand stock as Keystone delay no longer matters
Warren Buffet established a new position of 17,769,457 shares in Suncor (big canadian oilsand company) at a cost of $524,021,000 for an average price of $29.49. Keystone-XL Pipeline: Delayed So Long It No Longer Matters?, other pipelines and a huge build out of rail infrastructure have resolved takeaway capacity constraints. The spread in oilsand oil …